Caisse de depot et placement du Quebec Buys New Stake in Celestica, Inc. $CLS

Key Points

• Caisse de dépôt et placement du Québec acquired 125,743 Celestica shares worth approximately $45.8 million, while institutional investors overall held 67.38% of the company.
• Celestica reported strong quarterly results, with EPS of $2.54 beating estimates of $2.29 and revenue rising 62.4% year over year to $4.68 billion.
• Analysts maintain a broadly positive outlook, with 21 Buy ratings, one Strong Buy and one Hold, resulting in an average “Buy” rating and a $439.81 price target; however, company insiders sold about $135.2 million of stock over the past 90 days.

Caisse de depot et placement du Quebec acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 125,743 shares of the technology company's stock, valued at approximately $45,843,000. Caisse de depot et placement du Quebec owned approximately 0.11% of Celestica at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company's stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the period. Cibc World Market Inc. acquired a new stake in shares of Celestica in the second quarter worth $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Celestica during the second quarter valued at $674,199,000. Viking Global Investors LP purchased a new position in shares of Celestica during the 3rd quarter valued at about $424,459,000. Finally, Norges Bank purchased a new stake in shares of Celestica in the fourth quarter worth about $456,511,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Celestica stock opened at $317.42 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $334.90 and a 200 day moving average price of $335.87. Celestica, Inc. has a 12-month low of $183.66 and a 12-month high of $474.02. The stock has a market cap of $36.50 billion, a P/E ratio of 33.00 and a beta of 2.06.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $1.39 EPS. The business's revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts anticipate that Celestica, Inc. will post 10.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent analyst reports. Zacks Research raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. BWS Financial reissued a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Celestica from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Wolfe Research raised their price target on shares of Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Finally, Barclays decreased their target price on Celestica from $430.00 to $406.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $439.81.

Insider Activity

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company's stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by insiders.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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